New data shows that BlackRock’s Bitcoin ETF (IBIT) recorded approximately $109 million in inflows in a single day.
• This means investors poured $109M into BlackRock’s Bitcoin ETF, and the fund will use that capital to purchase additional Bitcoin to back the ETF.
📊 Key highlights:
• Recently, BlackRock’s Bitcoin ETF has consistently led institutional inflows.
• In just a few weeks, the fund has accumulated over 21,000 BTC (~$1.5B) through ETF inflows.
• IBIT is also one of the fastest-growing ETFs in history, managing tens of billions of dollars in assets.
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